Splish Brothers Corporation's stockholders' equity section at December 31, 2019 appears below: Stockholder's equity Paid

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Splish Brothers Corporation S Stockholders Equity Section At December 31 2019 Appears Below Stockholder S Equity Paid 1 (62.1 KiB) Viewed 10 times

Splish Brothers Corporation's stockholders' equity section at December 31, 2019 appears below: Stockholder's equity Paid-in capital Common stock, $10 par, 66,000 outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholder's equity $660,000 145,000 $805,000 180,000 $985,000 On June 30, 2020, the board of directors of Splish Brothers Corporation declared a 20% stock dividend, payable on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Splish Brothers Corporation's stock on June 30, 2020, was $14. On December: 020, e board of directors declared a 2 for 1 stock split effective December 15, 2020. Splish Brothers Corporation's stock was selling for $20 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net income for 2020 was $206,000 and there were no cash dividends declared.